KYC processes can be complex depending on factors like who is being onboarded, where, and for which product. So how do you execute KYC most effectively?
PassFort will be automating Curve’s Know Your Business (KYB) due diligence processes for onboarding and monitoring business clients in 31 markets in Europe.
If you are currently in the process of deciding whether to buy or build your compliance solution to help manage and automate KYC and AML processes, let PassFort give you a few things to consider.
Financial services firms have to define, implement and manage their approach to AML. Firms need to be able to detect and report money laundering or suspicious activity. This duty starts when onboarding new customers, but it doesn’t end there. So, what does constitute a solid approach to AML throughout a customer's lifecycle?
5 years ago, a conversation about anonymity in blockchain over a cup of coffee turned into a discussion about the commercial applications for this kind of technology in the compliance space. And PassFort was born.
Using automation to complete your customer onboarding journeys means processing more applications more quickly, while complying with any form of regulation in any jurisdiction for any product. Smart!
5years ago, Donald Gillies, PassFort's co-founder & CEO, wanted to transform the way trust and compliance were managed online. From that vision to the realities for our regulated customers today, PassFort is changing and growing CLM one process at a time.
PassFort has worked with the crypto giant, BitPay, for more than 2 years honing KYC processes for onboarding and ongoing risk management.